St Thomas's Parish Church, Belfast Financial Statements for the year ended 31 December 2023 Charity no. 101975
St Thomas's Parish Church, 8elfast Flnunclalstotementsfor the yearended 31 December 2023 Contents Page Is) Independent Examiners Report to the Trustees Receipts and payments account Statement of assets and liabilities Notes to the financial statements
St Thomas's Parish Church, Beyast FinoncialStatement5for the yegr ended31 December2023 Puge I Independent examinerfs report to the charity trustees of St Thomas's Parish Church, Belfast I report to the on the accounts of St Thomas's Parish Church, Belfast for the year ended 31 December 2023, which are set out on pages 2 to 6. Respective responsibilities of charity trustees and examiner. A5 the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act {Northern Ireland) 2008. It is my responsibility to: examine the accounts under section 65 of the Charities Act. follow the procedures laid down in the general Directions given by the Commission under section 6519llb) of the Charities Act. and state whether particular matters have come to my attention. Basis of independent examinerfs report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519}Ibl of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records. 3. That the accounts do not comply with the accounting requirements of the Charities Act. 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examinerfs statement I have completed my examination and have no concerns in respect of the matters111 to {41 listed above and. in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Pa ib.u3.L* Paul Clarke FCA 7 Manse Green Newtownards BT23 4TW
St Thomas's Porlsh Church Belfast Financialstatementsfvrthe yeurended31 December2023 Poge 2 Financial Statements for the year ended 31 December 2023 Receipts and Payments Account 2023 2023 Unrestricted Restricted Funds Funds 2023 Total 2022 Total Note Recei Church collections Special Donations & Bequests Trust Income Property use COVID 19 Charity Fund Grant Other receipts Charities Appeals Fund-raising Interest 31,016.19 5,625.00 1,351.04 19,870.00 0.00 1,200.00 0.00 36.07 7,393.26 66,491.56 0.00 75.00 0.00 0.00 0.00 76.00 316.23 0.00 0.00 31,016.19 36,748.23 5.700.00 10,217.88 1,351.04 1,293.78 19,870.00 23,429.00 7,174.00 2,346.41 80.00 26.08 7,393.26 53.52 66.958.79 81,368.90 1,276.00 316.23 36.07 467.23 ments Wages, salaries and other costs Electricity, Water & Gas Telephone & internet Rates 47,661.90 4,007.97 0.00 3,505.21 1,669.17 1,128.58 0.00 1,922.00 320.82 0.00 12,378.72 0.00 38.00 189.61 72,821.98 75.00 47,736.90 52,978.52 0.00 4,007.97 7,136.96 0.00 358.73 3,505.21 4,413.48 1,669.17 6,641.11 1,128.58 1,564.00 16,900.52 33,421.20 1,922.00 1.773.00 320.82 601.23 142.00 378.00 12,167.16 80.00 511.35 194.28 90,325.73 122,219.02 0.00 0.00 Insurance Repairs and Maintenance Rectory capital works project Gardening Office Supplies Church Supplies Diocesan Payments Charities and Bishops Appeals Other payments Bank Charges 0.00 0.00 16,900.52 0.00 0.00 142.00 0.00 316.23 70.00 0.00 17,503.75 12,378.72 316.23 108.00 189.61 Excess of receipts over payments 16,330.421 117,036.52) (23.366.94) {40,850.121 Bank balances as at ljanuary Add sale of unit trusts /curatage Bank balances as at 31 December 16,958.63 246,602.17 263,560.80 22.246.52 0.00 0.00 0.00 282,164.40 10,628.21 229,565.65 240,193.86 263,560.80 The notes on pages 4 to 6 form part of these financial statements.
St Thomas's Parish Church. Belfast Financiulstatementsfor the yearended 31 December2023 Poge3 Financial Statements for the year ended 31 December 2023 Statement of A55ets and Liabilities 2023 Unrestricted Funds 2023 Restricted Funds 2023 Total 2022 Total Note Cash and bank balances Danske Bank no. l account Danske Bank no. 2 account 2,573.53 240.24 4,499.18 0.00 7,072.71 240.24 12,475.52 1,205.35 Dankse Bank business investment account RCB deposit account Parish organisations bank accounts 439.60 7,374.84 0.00 0.00 225,066.47 0.00 439.60 232.441.31 0.00 434.16 244,883.70 4,562.07 263,560.80 10,628.21 229,565.65 240,193.86 Investment assets RCB unit trust 48,717.32 48,717.32 47,297.60 A55ets retained for the Parish's own use Rectory Church office Ib (i) Ib li} 715,575.00 57,972.00 715.575.00 57,972.00 665,652.00 53,927.00 Liabilities Stipend & allowances Amount due to parish secretary Amount due to gardener Col Gazette Alarm maintenance Rectory capital works project Total A55etS (8,507.021 11,500.001 {96.001 172.001 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18,507.02) {1.500.00) (96.00) (72.00) 0.00 11,500.00} 1144.001 {150.001 11,000.00) 453.19 1,051,829.97 1,052,283.16 1,027,643.40 0.00 Approved by the trustees and signed on their behalf.. Davld King Honorary Treasurer Ib[£ l?- LLfr The notes on pages 4 to 6 form part of these financial statement5.
St fhomt7s'5 Parish Church BeYast Flnt¥nciolStotementsfor the year ended310ecember2023 Poge 4 Notes to the financial statements Accounting policies Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payments Account and the Staternent of Assets and Liabilities (a) Receipts and Payments Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. (b) Statement of Assets and Liabilities li) A55et5 retoinedfor the Parish's own use The assets of the Parish, retained for its own use comprise:_ Church Building Other buildings - Rectory and Church Office Various fixture5 and fittings The Church Building (including Christian artwork, materials and artefactsl are deemed to be Heritage Assets as defined by the Chaflties SORP IFRS102). These Heritage Assets are not included in the statement of assets and liabilities as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accoLJnts and to the Parish. Other buildings comprising the Rectory and Church Office were built / acquired a number of years ago and accordingly reliable records of the initial cost. acquisition, subsequent capital works are not available. These buildings are included at insurance values only. Professional valuations have not been completed. No depreciation has been provided on these properties as the select vestry maintains these properties in good repair and the remaining useful life currently exceeds 50 years. All of the Church land and buildings are vested in the Representative Church Body. Fixtures and Fittings costing more than £1,000 are recognised at cost and are depreciated on straight line basis over a period of 5 years. There are currently no fixtures and fittings costing more than £1,000 which were acquired within the previous 5 years. ii) Investments Investment in RCB Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each year end date. Reconciliation of Cash Funds Total cash funds at l January 2023 Receipts for the year Add transfers from sale of unit trusts Payments for the year Total cash funds at 31 December 2023 263,560.80 66,958.79 0.00 190,325.731 240,193.86
St Thomas's Purish Church. Bemast Financialstotementsfor the yeur ended31 December2023 Page5 Notes to the financial statements (cont'd) Church collectlons 2023 2023 Unrestricted Restricted Funds Funds 2023 Total 2022 Total Free-will Offerings Banker's Orders loose plate collection Gift Aid Tax refund Gift month Donations 5,034.00 15,033.00 983.27 6,247.57 2,967.00 751.35 0.00 5.034.00 5,434.00 0.00 15,033.00 16,423.00 0.00 983.27 812.70 6.247.57 8,123.53 2,967.00 5,295.00 751.35 660.00 0.00 31.016.19 36,748.23 0.00 0.00 31,016.19 Property use 2023 2023 Unrestricted Restricted Funds Funds 2023 Total 2022 Total Rent from Bell Tower Car park Rental of curatage Other users 8,000.00 11,390.00 0.00 8,000.00 8,000.00 0.00 11,390.00 10.630.00 0.00 0.00 4,124.00 675.00 480.00 19,870.00 0.00 480.00 0.00 19,870.00 23,429.00 Other receipts 2023 2023 Unrestricted Restricted Funds Funds 2023 Total 2022 Total Church of Ireland Gazette Receipts Electric and Gas grants Sundry Income RCB grant Parish organisations 0.00 1,200.00 0.00 0.00 0.00 70.00 0.00 70.00 1,200.00 0.00 0.00 6.00 80.00 0.00 749.74 1,510.00 6.67 0.00 6.00 1,200.00 76.00 1,276.00 2,346.41
St Thomas's Porish Church, Beyast Finoncialstutementsfor the yeor ended 31 December2023 Poge 6 Notes to the financial statements (cont'd) Wages, salaries & other costs 2023 2023 Unrestricted Restricted Funds Funds 2023 Total 2022 Total Rector stipend Rector- allowances Rector- pension Rector- employer's NIC Rector- cover Organists Secretary 33,283.40 5,492.50 6,441.00 0.00 250.00 2,195.00 0.00 0.00 33,283.40 37,035.22 0.00 5,492.50 6,591.00 0.00 6,441.00 5.909.04 0.00 0.00 153.26 50.00 300.00 300.00 25.00 0.00 2,220.00 0.00 2,990.00 0.00 47,661.90 75.00 47,736.90 52,978.52 Other payments 2023 2023 Unrestricted Restricted Funds Funds 2023 Total 2022 Total Church of Ireland Gazette Parish organisations 38.00 0.00 70.00 0.00 108.00 0.00 160.00 351.35 511.35 38.00 70.00 108.00 Transactions with the Trustees Details of remuneration paid to the Rector are shown at note 6 above. The rectory was vacant during the year to allow for capital works programme. Other accommodation wa5 rented by the Church for the rector and his family at a cost of £12,100. No trustee. nor any person related to a trustee, had any personal interest in any contract or transaction entered into by the Parish during the year.